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Dogecoin Large Transactions Surge 41% With 35% Uptick In Daily Addresses, Will Price Follow?

NewsBTC LogoNewsBTC12h ago

Dogecoin Large Transactions Surge 41% With 35% Uptick In Daily Addresses, Will Price Follow? - NewsBTC

Quick Summary:

Dogecoin Large Transaction Activity Intensifies The recent Dogecoin rally appears to be losing steam following an impressive surge that pushed its price above $0.42 for the first time since the 2021 bull market.

Related Reading: XRP Price Rockets Past $1: On-Chain Data Unveils Key Holder Cohort Behind Breakout The correction has brought about the idea that maybe the Dogecoin price has finally expanded its sentiment among crypto investors.

Based on this technical analysis, Captain Faibik predicts that a breakout from the wedge could trigger another rally, pushing Dogecoin’s price up by 25% to reach $0.47 At the time of writing, the Dogecoin price is trading at $0.38.

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Dogecoin Large Transactions Surge 41% With 35% Uptick In Daily Addresses, Will Price Follow? - NewsBTC (Picture 1)

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 02:00:59 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23685362

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #102

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